All categories

3 years ago

What is a mortgage?

1 answer:

3 0

A mortgage is a type of loan used to buy property, the bank gives you the money at an interest rate, but takes possession of your properties until you pay back the loan. The answer would be B!

Have a nice day! :)

You might be interested in

Kathy reviews her division's quarterly results and sees that some units exceeded goals while others did not. Next, she will atte

Alex777 [14]

Answer:

E. was due to factors within or outside the firm's control.

Explanation:

The purpose of variance analysis is to address the differences between the budgeted and actual performance of the company.

Variance analysis aids in understanding the reasons fluctuations happen with the aim of reducing or avoiding adverse variances, which eventually leads to improved budgeting.

The reason an organisation would want to know if variances were due to factors within or outside the organisation is because they need to address all such variances that are under management control by looking at what could have been differently.

5 0

3 years ago

Read 2 more answers

Pretend you are a highschool student who makes minimum wage. You want to buy a new car, but you are $10,000 short. You are looki

Assoli18 [71]

Firstly, Loan A has a lower interest rate (0.25% lower) and therefore the interest payed is lower ($209.49 cheaper) and of course the total paid is lower for Loan A.

The benefit of Loan B is the term of payment is longer and the monthly repayments are lower. This could be good for someone working minimum wage due to having a low income.

In conclusion, I think Loan A would be better due to the interest being lower which is always a plus for loans.

4 0

3 years ago

Prior period adjustments are reported as

matrenka [14]

Answer:

c. An addition to (or a deduction from) the beginning balance of retained earnings

Explanation:

A prior period adjustment is the correction of an accounting error that occurred in the past and was reported on a prior year's financial statement, net of income taxes. Prior period adjustment are reported in the statement of retained earnings as an increase or a decrease in the beginning retained earnings. Therefore, the adjusted beginning retained earnings balance is the amount that retained earnings would have been if the error had not been made.

6 0

3 years ago

A 20-year bond of a firm in severe financial distress has a coupon rate of 13% and sells for $905. The firm is currently negotia

stich3 [128]

Answer:

(a) The Stated yield to maturity is 14.474%

(b) The Expected yield to maturity is 7.427%

Explanation:

(a) FV = Face value = -$1,000.00

PV = Bond price = $905.00

PMT = Coupon = -$130.00

N = Years to mature x frequency = 20

CPT > I/Y = Rate = 14.4737

Yield to Maturity = Rate * Frequency /100 = 14.474%

Therefore, The Stated yield to maturity is 14.474%

(b) Coupon payment will become half of the precious = 130/2 = $65

FV = Face value = -$1,000.00

PV = Bond price = $905.00

PMT = Coupon = -$65.00

N = Years to mature x frequency = 20

CPT > I/Y = Rate = 7.4267

Yield to Maturity = Rate * Frequency /100 = 7.427%

Therefore, The Expected yield to maturity is 7.427%.

4 0

4 years ago

Using the Exxon data as an example, what would be the market capitalization of Penny's Pickles if each share is selling for $175

ElenaW [278]

Answer:$1,753,500

Explanation:I multiplied the amount of stacks availible and how much the stocks cost.

5 0

3 years ago

Read 2 more answers